Ho Chi Minh City is stepping up efforts to fulfill key conditions for the establishment of an international financial centre (IFC), seen as a strategic move to deepen Vietnam’s integration with global financial markets and provide new impetus for socio-economic breakthroughs.

After more than two decades of planning, the vision of establishing an international financial centre (IFC) in Ho Chi Minh City is finally gaining real momentum as the Politburo has officially endorsed the proposal, drawing significant attention from both domestic and international investors.

The International Finance Corporation (IFC) and the Swiss government have launched the second phase of their supply chain finance (SCF) programme in Vietnam, aiming to improve access to working capital for small and medium enterprises (SMEs).

A workshop themed US-Vietnam Getting to Net-Zero: Roadmap to Sustainable Industrial Development was held in Ho Chi Minh City on January 14 by the US Commercial Service in the city, in partnership with the International Financial Centre (IFC) and Saigon Tel.

Clear regulations, bankable projects, the pooling of concessional and commercial capital, and climate capacity are four keys that can unlock the climate finance market, a forum heard in Ho Chi Minh City on September 19.

IFC and Welcome Financial Group (WFG) on June 27 launched a US$60 million platform to address non-performing loans (NPLs) and enhance access to finance in Vietnam.

The International Finance Corporation (IFC) is providing a US$150-million financing package to Southeast Asia Commercial Joint Stock Bank (SeABank) to boost a viable blue finance market, foster green bonds, and support smaller businesses.

Vietnam’s macro-economic achievements were applauded at an international workshop co-organised by the International Monetary Fund (IMF) and the Bank of Laos on April 3 in Luang Prabang.

Standing Vice Chairman of the Da Nang city People's Committee Ho Ky Minh on March 6 called on TheCityUK, the industry-led body representing UK-based financial and related professional services, to coordinate with the Vietnamese central locality in building an international financial centre (IFC) there as soon as possible.

A An Food JSC signed an advisory agreement on the establishment of a sustainable rice supply chain with the International Finance Corporation (IFC), a member of the World Bank Group on November 14.